Are you referring to your personal property tax? Use tax in MA would be 5% of the value of one's boat, IIRC.
No, the annual excise/use tax on the boat is set by the town that the boat is kept in. Where I keep my boat, the fee is based on the length and age of the boat and has very little to do with the value of the boat. You're confusing the annual use/excise taxes for the one-time SALES TAX, which btw, is now 6.25%, not 5%.
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You know what the first rule of sailing is? ...Love. You can learn all the math in the 'verse, but you take
a boat to the sea you don't love, she'll shake you off just as sure as the turning of the worlds. Love keeps
her going when she oughta fall down, tells you she's hurting 'fore she keens. Makes her a home.
—Cpt. Mal Reynolds, Serenity (edited)
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Still—DON'T READ THAT POST AGAIN.